"We also need to finally find a consensus on my proposal to unblock the European Peace Facility's Ukraine Assistance Fund. We are almost there, we will look and find a way. I cannot say you that there is 100%, but almost. I am sure we will reach a full agreement of all member states on my last proposal," Borrell told a press conference after the EU Foreign Affairs Council meeting in Luxembourg.
Borrell also announced his plans to travel to Ukraine before his mandate ends.
"I also committed to [Ukrainian Foreign] Minister [Andrii] Sybiha that I will travel to Ukraine before the end of my mandate, but I do not want to do it before having an agreement to unblock the EPF money for Ukraine," the politician said.
The EPF is an off-budget military funding mechanism established in March 2021 with a total budget of over 17 billion euros ($18.5 billion) for 2021-2027. Most of its funds have already been allocated for partial compensation to EU countries for the funds spent on military assistance to Ukraine.